A freehold commercial building at 562 Serangoon Road is up for sale through an expression of interest (EOI) exercise with a guide price of $23.5 million. The four-storey property has a total floor area of about 7,453 sq ft, with individual strata titles for each level. The price works out to $3,153 psf on the floor area.
A map showing the location of 562 Serangoon Road (Picture: EdgeProp LandLens)
The property occupies a land area of about 2,336 sq ft, zoned for commercial use, with a gross plot ratio of 3.0. It is approved for F&B use on the ground floor. Brilliance Capital, the appointed marketing agent for the building, adds that it is a non-conserved envelope control site within the Jalan Besar Secondary Settlement, which means the future owner would have the flexibility to reconfigure or redevelop the property to suit their needs.
“562 Serangoon Road offers freehold tenure, F&B approval, strata flexibility and the freedom to enhance or reposition the building without conservation constraints,” says Sammi Lim, founder and executive director of Brilliance Capital. “It is truly a rare gem.”
Lim highlights that the property has excellent accessibility, with the Farrer Park and Boon Keng MRT Stations on the North East Line just a five-minute walk away. Its location on a major arterial road also provides easy connectivity to popular areas such as Little India, Farrer Park, Bidadari and the Kallang Riverside precinct.
Lim expects the asset to appeal to both owner-occupiers and investors, given its prime location and strong future growth potential. “For investors looking to unlock value over time, or businesses wanting their own city-fringe headquarters with branding visibility and upside, this is an asset not to be missed,” she adds.
The EOI will close on July 9 at 3pm.
